Martin Atkinson, XPO Logistics business unit director, said: “The lease of our building at Nuneaton expires later this year and we have been in discussions with the landlord for several months, seeking an agreement to extend it.

“Unfortunately, the rent demanded by the landlord is not economically feasible.

“Reluctantly, we have had to make the decision to withdraw from the site. Our operation at the site will cease towards the end of August this year.

“We are currently reviewing all our options and will be entering into a consultation with the trade union and our 57 colleagues employed at the site in the next few weeks.

“We are hopeful that many of the roles at the site can be moved elsewhere within our business.”

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